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but our economy is teetering on economy. it is a stealth tax and never goes away and the funds don't go to highways and nothing down to encourage driving . the tax revenue will go somewhere else. >> john, i mentioned in the top of the segment that republicans are apparently okay or considering it. the new republican head of the committee in the house of representatives said he will not put it off of the table. >> if they do this, this is the quick path to being the minority party. hopefully they will wake up to that. ate point washington works for us and not them. why can't they sacrifice and spend less of wour money so we don't have to pay more. a union blitz against private companies is a victoryry by big labor about to drive up the fax spill. wait until you hear this coming up next. now one plan to take union pensions off of the backs of taxpayers has failed in california. government unions declaring a major victory and killing off a reform victory that replaced with 401 k style investment plans. it is a defeat for taxpay
but our economy is teetering on economy. it is a stealth tax and never goes away and the funds don't go to highways and nothing down to encourage driving . the tax revenue will go somewhere else. >> john, i mentioned in the top of the segment that republicans are apparently okay or considering it. the new republican head of the committee in the house of representatives said he will not put it off of the table. >> if they do this, this is the quick path to being the minority party....
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the fluctuation certainly correlates with what the economy is doing. neil: mocks my, baby, i'm afraid the economy is going to taint ♪ neil: we paid a lot for that. and you have to think about this. sieging dollars from bills to points, that's what congress wants to do to save cash, what are followers are having some better ideas to really cut our debt. work on something that will save money, not spend more on ridiculous -- ridiculous projects. stop all stimulus funds that do not help create private sector jobs are make companies more competitive globally. in foreign aid until we have money to spend, if that ever happens again.
the fluctuation certainly correlates with what the economy is doing. neil: mocks my, baby, i'm afraid the economy is going to taint ♪ neil: we paid a lot for that. and you have to think about this. sieging dollars from bills to points, that's what congress wants to do to save cash, what are followers are having some better ideas to really cut our debt. work on something that will save money, not spend more on ridiculous -- ridiculous projects. stop all stimulus funds that do not help create...
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the fluctuation certainly correlates with what the economy correlates with what the economy is doing. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you knw me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope to millions of children at everybeatmatters.org. ♪ neilwe paid a lot for that. and you have to think about this. sieging dollars from bills to points, that's what congress wants to do to save cash, what are followers are having some better ideas to really cut our debt. work on something that will save money, not spend more on diculous -- ridiculous projects. stop all stimulus unds that do not help create private sector jobs are make companies more competitive globally. in foreign aid until we have money to spend, if that ever happens
the fluctuation certainly correlates with what the economy correlates with what the economy is doing. [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you knw me ♪ ♪ i was a lonely soul, but that's the old me... ♪ announcer: this song was created with heartbeats of children in need. find out how it can help frontline health workers bring hope...
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let's get back to work, guys let's make this economy grow. lia: is there something else that could be done in the long run? people tha are shipping through this port get burned is there another optn? because some of them made the argument, 40% of the cargo in this country moves through this port. no matter what people shift through this la giving the people that are on strike a whole lot of leverage? >> good point. we're always concned by diversn to other ports. we're concerned about diversion to prince rupert where the u.s. gets no money out of movement ofoods coming to the united states. but il th southern california are is suuh a large consuming ar it will always have a decent percentage of cargo coming through here but the incremental cargo is significant. if you divert 10% of the cargo away from los angeles it would be significant in the lo of jobs in sthern california alone. melissa: fred, thankso much for coming on the show. we appreciate it and best of luck to you. i hope this gets relved on. >> thank you very much. melia: so here's t
let's get back to work, guys let's make this economy grow. lia: is there something else that could be done in the long run? people tha are shipping through this port get burned is there another optn? because some of them made the argument, 40% of the cargo in this country moves through this port. no matter what people shift through this la giving the people that are on strike a whole lot of leverage? >> good point. we're always concned by diversn to other ports. we're concerned about...
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an economy so bad that we are not in the mood. we have a baby booming and we are talking neil: the race is on, but instead of running, the birth rate is falling. people are not taking it slow. i am not surprised. wednesday, when you think about this? >> what is interesting is that it's not a composition and it's not a difference of childbearing age. this is a decision story. women are deciding not to have children or delaying it until later date and it makes sense given the current economic situation. in the backdrop of one of the worst economic situation since the great depression. >> we have seen a long-term decline but we did see an uptick or in the boom years. we did see were -- more women. they are saying the real unemployment is up 15% -- the one wait, wait, wai -- [talking over each other] [talking over each other] >> i think there is certainly a discussion of how it's going to be esparza's decision to. neil: area, we think about that? >> i agree with wednesday. i think the thing is -- you know, who could be in the mood now
an economy so bad that we are not in the mood. we have a baby booming and we are talking neil: the race is on, but instead of running, the birth rate is falling. people are not taking it slow. i am not surprised. wednesday, when you think about this? >> what is interesting is that it's not a composition and it's not a difference of childbearing age. this is a decision story. women are deciding not to have children or delaying it until later date and it makes sense given the current...
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we're in a down economy. you've got thousands and thousands of people dependinggon you to work this out. let's get back to work, guys. let's make this economy grow. melissa: is there something else that could be done in the long run? people that are shipping through this port get burned is there another option? because some of them made the argument, 40% of the cargo in this country moves through this port. no matter what people shift through this lane giving the people that are on strike a whole lot of leverage? >> good point. we're always concerned by diversion to other ports. we're concerned about diversion to prince rupert where the u.s. gets no money out of movement of goods coming to the united states. but still the southern california area is suuh a large consuming area it will always have a decent percentage of cargo coming through here but the incremental cargo is significant. if you divert 10% of the cargo away from los angeles it would be significant in the loss of jobs in southern california alone
we're in a down economy. you've got thousands and thousands of people dependinggon you to work this out. let's get back to work, guys. let's make this economy grow. melissa: is there something else that could be done in the long run? people that are shipping through this port get burned is there another option? because some of them made the argument, 40% of the cargo in this country moves through this port. no matter what people shift through this lane giving the people that are on strike a...
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an economy so bad that we are not in the mood. we have a baby booming and we we have a baby booming and we are talking i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. neil: the race is on, but instead of running, the birth rate is falling. people are not taking it slow. i am not surprised. wednesday, when you think about this? >> what is interesting is that it's not a composition and it's not a difference of childbearing age. this is a decision story. women are deciding not to have children or delaying it until later date and it makes sense given the current economic situation.
an economy so bad that we are not in the mood. we have a baby booming and we we have a baby booming and we are talking i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a...
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the fluctuation certainlyly correlates with what the economy correlates with what the economy is doig. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, builng blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving t pain quickly. try fast, long lasting gavisc
the fluctuation certainlyly correlates with what the economy correlates with what the economy is doig. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, builng blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes...
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Nov 28, 2012
11/12
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you had the economy growing. you had world economies growing. gold is not just for gold bugs. every investor should take a portion of their portfolio and some exposure to hard assets like gold and it is gaining traction. david: why not just buy, there are premiums built into all the products that you sell, that's why you're in business in order to make a little profit. >> yes. david: why not just buy gld? essentially look at gld, look at the spdr if we put it up up on the screen. this is the price of gold on top of gld. they track almost perfectly. why not just buy the stock? >> well --. david: no premium. >> you want physical asset. buy a reit or asset. david: this tracks the spike of gold tick by tick. >> this is security. many like to eliminate the counter part risk. they want physical asset something they can see and touch. you can by physical real estate oar by the reit. many people want the hard asset. gld is fine but a gld is security. having physical gold is one component that is very important. david: what do you think? do you think the situation will deer tate rate s
you had the economy growing. you had world economies growing. gold is not just for gold bugs. every investor should take a portion of their portfolio and some exposure to hard assets like gold and it is gaining traction. david: why not just buy, there are premiums built into all the products that you sell, that's why you're in business in order to make a little profit. >> yes. david: why not just buy gld? essentially look at gld, look at the spdr if we put it up up on the screen. this is...
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Nov 29, 2012
11/12
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then of course it does get to be, you know, a hail mary pass for this economy. who better to address on all these issues than pastor rick warren. of course, saddleback church fame. you know it is interesting about the purpose driven life. we're on 10-year anniversary one of the most talked about and successful books i think since the bible. the ref rind is a very modest man -- reverend. the purpose driven life, 32 million copies. by comparison, bill o'reilly's killing lincoln, one of the most popular books in the country right now, 2 million copies. the reverend has sold 16 times the number of books of bill o'reiily, which clearly tells me bill o'reilly is going to hell. "killing kennedy", half a million copies. he is way behind you. all in good fun. pastor, very good to have you. >> thanks, neil. good to be back with you. ironic i'm in new york city and you're in l.a. today so. neil: i know. my loss but our viewers gain just the same. pastor, what do you think, and is it important that a deal is reached by the end of the year? you often remind, you know parishi
then of course it does get to be, you know, a hail mary pass for this economy. who better to address on all these issues than pastor rick warren. of course, saddleback church fame. you know it is interesting about the purpose driven life. we're on 10-year anniversary one of the most talked about and successful books i think since the bible. the ref rind is a very modest man -- reverend. the purpose driven life, 32 million copies. by comparison, bill o'reilly's killing lincoln, one of the most...
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the fluctuation certainly correlates with what the economy correlates with what the economy is doing. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later, not so much. this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. i tell them dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can grow and multiply. polident is specifically designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps diolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. to investing with knowledge. the potential of td ameritrade unlocked. nyse euronext. unlocking the world's potential. to a world of super-connected intelligence. the potential of freescale unlocked. nyse euronext. unlocking the world's potential. go
the fluctuation certainly correlates with what the economy correlates with what the economy is doing. and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the time... but later, not so much. this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. i tell them dentures are very different to real teeth. they're about 10 times softer and may have surface pores...
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i'm worried about stalling the economy. in the meantime when we talk about raising taxes and what it would do to small business. democrats like to point out we would only raise taxes on 3% of small business owners. >> right. melissa: but that 3% generates 50% of the inme from small business. so they're hiringhe majori of people. to me that is going to cost us jobs. >> well,ou know what? i think that what will cost us jobs for sure is if we go off thissfiscal cliff, because it is not just about ising tacks. it is also about the debt ceiling. it is about unemployment insurance. we have number of key issues that absolutely have to be resolved byythe end of the month. i want to tell youomething, in spite of what it might look i'm actually optimistic i think this is the way negotiations happen. melissa: you are? >> in the political world, i am, i am. in the political world, you know 30 days is a litime. and so i believe that we will reach agreement. now what i don't believe will happen i don't believe we'll solve all the problem
i'm worried about stalling the economy. in the meantime when we talk about raising taxes and what it would do to small business. democrats like to point out we would only raise taxes on 3% of small business owners. >> right. melissa: but that 3% generates 50% of the inme from small business. so they're hiringhe majori of people. to me that is going to cost us jobs. >> well,ou know what? i think that what will cost us jobs for sure is if we go off thissfiscal cliff, because it is not...
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the economy has not been doing well. we cannot do this on our own. gerri: you couldn't really -- you couldn't pay off another loan. >> i don't need another loan. is done as part business decision for me to open up my door's not even knowing it my community is lowwstanding with another low my head. it's not a small business decision that is appropriate to think. gerri: you are not only a small business operator. you have a three year-old. >> of course. mother of sylvia, 3a-year-old. gerri: we're seeing a picture. >> she is called the bagel baby. the customers come and invest about her more than meet. gerri: a family operation. >> of course. mom and my dad and my fiance. we are in there all the time. gerri: there are businesses all over this region who are in the same situation who are facing the same problem. >> oh, of course. this is something widespread. i have spoken to many businesses in the communities that i am friends with our we have reached out to show support for each other. we are all in the same boat. none of us have gotten any help. and i
the economy has not been doing well. we cannot do this on our own. gerri: you couldn't really -- you couldn't pay off another loan. >> i don't need another loan. is done as part business decision for me to open up my door's not even knowing it my community is lowwstanding with another low my head. it's not a small business decision that is appropriate to think. gerri: you are not only a small business operator. you have a three year-old. >> of course. mother of sylvia, 3a-year-old....
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Nov 28, 2012
11/12
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if we get this wrong, the economy will go south. it will be much more difficult for us to balance our budget and deal with our deficits because if the economy is not strong, that means more money is going out and things like unemployment insurance and less money is coming in. it makes our deficit worse. we really need to get this right. i can only do it with the help of the american people. tweet my 2k or e-mail, post it on a member of congress' facebook wall. do what it takes to communicate a sense of urgency. we do not have a lot of time here. we have a few weeks to get this done. we could get it done tomorrow. optimistically, i do not think we will get it done tomorrow. [ laughter ] i tell you, if everyone here goes out of their way to make their voices heard and spread the word to your friends and family, coworkers and neighbors, i am confident that we will get it done. we will get america on the right track, not just for next year, but for many years to come. thank you very much, everybody. [ applause ] cheryl: president obama
if we get this wrong, the economy will go south. it will be much more difficult for us to balance our budget and deal with our deficits because if the economy is not strong, that means more money is going out and things like unemployment insurance and less money is coming in. it makes our deficit worse. we really need to get this right. i can only do it with the help of the american people. tweet my 2k or e-mail, post it on a member of congress' facebook wall. do what it takes to communicate a...
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Nov 28, 2012
11/12
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and thoughts about what is top of mind for us about the economy. melissa: so what did you say and did you feel like he listened to you and was going to take action based on that? >> yeah. absolutely. it was really, he had a lot of his top administration there. vice president biden was there as well. they were all really kind of into everything we're saying. very actionable. it was fun to see back and forth t wasn't just him listening to 15 different people. he was engaged and asked questions. melissa: what did you ask him to do specifically? what did you say would help your business? >> one thing that helped us a lot incentives for small businesses to hire. particularly for us we were able to use the jobs now program out in the bay area to get some of our first staff on board. it was to provide a story and face to impact some of these programs that can incentivize hiring for small businesses had. we wouldn't be here without it. melissa: so you got money for hiring new people? or how did it work specifically for you?. >> that was an incentive progra
and thoughts about what is top of mind for us about the economy. melissa: so what did you say and did you feel like he listened to you and was going to take action based on that? >> yeah. absolutely. it was really, he had a lot of his top administration there. vice president biden was there as well. they were all really kind of into everything we're saying. very actionable. it was fun to see back and forth t wasn't just him listening to 15 different people. he was engaged and asked...
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Nov 30, 2012
11/12
by
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the economy is growing strongly. also because one thing newt gingrich got right, is so-called fiscal cliff is not a click. it is more like a fiscal bunny hill. therris automatic tax increases and automatic ending cuts would amount to 250 a year. >> the spending cuts he would put on the table, number two, i am from the school of thought of importance. we should let president obama bought the fiscal cliff and we should stop - [inaudible] lou: we will be back with the "a-team." i would like to explore this bunny hill thing as a metaphor for the fiscal cliff. for the fiscal cliff. it is a great relief you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal atteion. which is why we are proud to partner with
the economy is growing strongly. also because one thing newt gingrich got right, is so-called fiscal cliff is not a click. it is more like a fiscal bunny hill. therris automatic tax increases and automatic ending cuts would amount to 250 a year. >> the spending cuts he would put on the table, number two, i am from the school of thought of importance. we should let president obama bought the fiscal cliff and we should stop - [inaudible] lou: we will be back with the "a-team." i...
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Nov 30, 2012
11/12
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what would this plant to for our economy? slowdown even more guaranteed, raise the unemployment rate, make us even more like europe. this tax, spend and borrow plan will not give america the growth we so desperately need. consider the timing. right now we have 8% unemployment, less than 3% growth and trillion dollar deficit every year. we are spending $9 billion a week in interest in the death. imposing those tax hikes now is simply bad economic policy, taking all restraints off of borrowing caused disaster. we need 5% growth. we are not going to get it like this. yet again president obama is reviewing his inner self. he is driven by a hard left ideology. take from this group, redistribute, government is everything. clearly the president is good at politics. he won the election but lousy economics. prosperity is not coming back anytime soon. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'
what would this plant to for our economy? slowdown even more guaranteed, raise the unemployment rate, make us even more like europe. this tax, spend and borrow plan will not give america the growth we so desperately need. consider the timing. right now we have 8% unemployment, less than 3% growth and trillion dollar deficit every year. we are spending $9 billion a week in interest in the death. imposing those tax hikes now is simply bad economic policy, taking all restraints off of borrowing...
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how is business in this economy? let's take a look at some of the winners on the nasdaq. ♪ want to try to crack it? yeah, th's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and oth health professionals who helped us achieve the hhest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones o matter most. i love you,randma! [ male announcer ] humana. ♪ connell: kobe bryant from the
how is business in this economy? let's take a look at some of the winners on the nasdaq. ♪ want to try to crack it? yeah, th's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the...
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Nov 28, 2012
11/12
by
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not because it's good for the economy. he has a totally noneconomic reason for it and he's serious, we'll tell you what it is next. >> new at 10, warren buffett who has been begging the government to raise taxes on rich people like himself, well, instead of writing a check, he says, we should tax the rich because it will, quote, raise thh morale in the middle glass. he's serious. and all raising taxes on the wealthy may do, the big story of the day, president obama's campaign, holding more meetings on the fiscal cliff instead of real talks with politicians who have to decide this thing. and going on the road and selling the campaign harry reid says no cuts, democrats have cut spending and entitlements already. >> remember, we've already done more and billion dollars worth of cuts and we've already done that and we need to get credit for at that and these negotiations that take place. >> and the president's position, no more cuts, we're talking about it all with this company. sandra smith is here, and charles payne and as a
not because it's good for the economy. he has a totally noneconomic reason for it and he's serious, we'll tell you what it is next. >> new at 10, warren buffett who has been begging the government to raise taxes on rich people like himself, well, instead of writing a check, he says, we should tax the rich because it will, quote, raise thh morale in the middle glass. he's serious. and all raising taxes on the wealthy may do, the big story of the day, president obama's campaign, holding...
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i want the best policy which will grow america's economy and give us some prosperity. and my judgment is very clear. the best way to do that is to lower tax rates, restrict deductions. that's i think how you do it. >> yeah. stuart: i agree that that plan was defeated in the last election. can you make the economic judgment, what do you think is the best way to give us growth? >> well, i'm not an economist. i don't think that raising -- putting the tax rates back to the clinton level -- clinton era level is going to harm the economy. but if you could not raise taxes and you could make it up another way, i do think that's the better way to go. and, you know, i think the president is now appealing a little bit to the base on insisting on it has to be the tax rates, when he should be open to -- and maybe he will be -- this could just be a negotiating tactic, he should be open to the idea of closing loopholes eliminating deductions and making up the revenue in another way. stuart: i was right. >> you're very sensitive to drifting. stuart: i have never been described as sens
i want the best policy which will grow america's economy and give us some prosperity. and my judgment is very clear. the best way to do that is to lower tax rates, restrict deductions. that's i think how you do it. >> yeah. stuart: i agree that that plan was defeated in the last election. can you make the economic judgment, what do you think is the best way to give us growth? >> well, i'm not an economist. i don't think that raising -- putting the tax rates back to the clinton level...
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lot of things that influence the economy. not just taxes. there are other things. there is no monetary policy, which was great under bill clinton. do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i know why you have not been on the show very often. i am at a loss for words when you are done. stephen moore, i do hope you come back and see us soon. >> thank you, sir. stuart: here is an example of what i call tax hypocrisy. costco founder going to save because of the dividend payment this year. not next year, this year. the ceo, he is a very big obama supporter. even spoke at the democrati
lot of things that influence the economy. not just taxes. there are other things. there is no monetary policy, which was great under bill clinton. do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a...
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Nov 29, 2012
11/12
by
FBC
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eye 101
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that will hurt our economy and cost american jobs. republicans have taken action to revert the fiscal cliff. to replace the sequestered and paid way for tax reform and entitlement reform. we are the only ones with a balanced plan to protect the economy, protect american jobs and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our countries debt crisis and get our economy going again and create jobs. right now, all eyes are on the white house. our country does not need a victory lap, it needs leadership. it is time for the president and congressional democrats to tell the american people what spending cuts they are really going to make. with that, i will take a few questions. [inaudible question] >> we have outlined very specific proposals that we passed in last year's budget and the budget before. we know what the venue is. what we do not know is what the white house is willing to do to get serious about solving our debt crisis. [inaudible question] >> i am
that will hurt our economy and cost american jobs. republicans have taken action to revert the fiscal cliff. to replace the sequestered and paid way for tax reform and entitlement reform. we are the only ones with a balanced plan to protect the economy, protect american jobs and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our countries debt crisis and get our economy going again and create jobs. right now, all...
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and you think that's going to have an impact on the economy? >> of course it is. it is-- well it's not the same as extending the bush tax cuts. it's part of the fiscal cliff, because just like all of these other things, stuart, people are trying to move income out of 2013, into 2012, which makes this year look a little bit better than it should, but what it means is that when we hit january 1st, 2013, the economy's going to collapse as far as i can tell. stuart: whoa, whoa, collapse is a strong word, art. >> collapse as low as we are, i agree. stuart: now, the obamacare tax change is a change in the tax rate. >> yes. stuart: that's something that the president's absolutely insisting on. he wants tax rates to go up for the top two income brackets and that's being forced by the republicans. they don't want the rate to go up. they'll pay more in overall revenue, but don't want the rate to go up. your comments please on the president's stand-fast position on raising tax rates? >> well, rates are where the real action is, i mean, if you broaden the base and lowered rat
and you think that's going to have an impact on the economy? >> of course it is. it is-- well it's not the same as extending the bush tax cuts. it's part of the fiscal cliff, because just like all of these other things, stuart, people are trying to move income out of 2013, into 2012, which makes this year look a little bit better than it should, but what it means is that when we hit january 1st, 2013, the economy's going to collapse as far as i can tell. stuart: whoa, whoa, collapse is a...
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economy expanded at an annual rate of 2.7%. and that's better than the original 2% even that was reported a couple of weeks ago and last week, there were 393,000 new claims for jobless benefits and down from the previous week, but you're still very close to the 400,000 per week mark and that's a sign of weakness, albeit, come of that clearly from the storm, that's still not a healthy vigorous rebound, is it? trading has begun this thursday morning. we're expecting the dow to go up 50, 60 points and that's in part because of the fiscal cliff debate and looks like the president won taxes now, promises of entitlement reform later and don't care about the debt. the market kind of likes that, because the money keeps flowing. in the first part of business, we're flat, i thought more than that, we're up 2, 10 points and going up from here, at least in the early going. now, we've got another big name that you know #, trying to help shareholders avoid higher taxes next year, it's disney and increased the cash dividend by 25% and paying
economy expanded at an annual rate of 2.7%. and that's better than the original 2% even that was reported a couple of weeks ago and last week, there were 393,000 new claims for jobless benefits and down from the previous week, but you're still very close to the 400,000 per week mark and that's a sign of weakness, albeit, come of that clearly from the storm, that's still not a healthy vigorous rebound, is it? trading has begun this thursday morning. we're expecting the dow to go up 50, 60 points...
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surprised if that wasn't going on because the magnitude of what this means to this country and the economy of this country is so profound that i would be shocked if, that there is --. melissa: well, i don't know. you're going back to giving them a lot of credit. i'm not sure i'm willing to go there with you. what do you think of tte fact boboth sides come out instantly after an offer is that it is terrible? president obama was out here, blink of the eye after republicans came out with their plan to say this is not in the spirit. >> today you're talking about? messa: yeah, today. what does that tell you? should we read anything into at or is that -- >> again i wl liken it to there are plenty o people far more ucated on this than i but from a negotiation standpoint i think again it is a lot out posturing. sending out your feelers. melissa: right. >> and seeing what the other side's rponse is to that and kind of figuring out what's the quasi-middle kbround. lissa: yeah. >> that is what the president is doing here, saying this isn't in the spirit what we'retrying to accomplish. melissa: right.
surprised if that wasn't going on because the magnitude of what this means to this country and the economy of this country is so profound that i would be shocked if, that there is --. melissa: well, i don't know. you're going back to giving them a lot of credit. i'm not sure i'm willing to go there with you. what do you think of tte fact boboth sides come out instantly after an offer is that it is terrible? president obama was out here, blink of the eye after republicans came out with their...
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lou: he did gain control of let's sixth of the economy with the obamacare committed to? i mean, he did pass some subset of regulation of our financial industry in this country. you're not exactly easg concerns, hearts are worried about what the republicans are going to be able to do. by te way, i want to make it very clear. a personho supports entirely the idea of low taxes and maintaining that posture and certainly ing so energetically if there is no quid pro quo, significant order in spending. but what in the world by these folks to do on capitol hill? >> here is my argument. the first thing the republicans need to do is insist that the negotiations be in front of c-span so that the american people can see what obama is and is not doing until that happens, obaa can keep misrepresenting what is going on. second, they need to say %-to be on line for even dayseds said that the american people can read it. we have those two things, the chances of being completely jammed is a greatly educed, not down to zero, but let's get c-span cameras there. lou: i think your condition w
lou: he did gain control of let's sixth of the economy with the obamacare committed to? i mean, he did pass some subset of regulation of our financial industry in this country. you're not exactly easg concerns, hearts are worried about what the republicans are going to be able to do. by te way, i want to make it very clear. a personho supports entirely the idea of low taxes and maintaining that posture and certainly ing so energetically if there is no quid pro quo, significant order in...
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there are lots of ways to raise revenues without doing harm to the economy. lori: i have got to interrupt you here, why is the president so insistent upon raising tax rates for the wealthy? if you are point we don't necessarily have to do that to get meaningful revenues. melissa: it seems like religious or political on is part. this is a matter of an article of faith on the part of democrats and liberals to get rid of the bush tax cuts for the wealthy. they campaigned on it for more than 10 years now since it was enacted in the bush administration. they want to get rid of it. they ought to understand those are some of the most harmful economic ways of increasing revenues for the fiscal government. they ought to look for things that promote growth, not harm growth. lori: you laid it out. research rnc credits that will perhaps stop spending money on r&d until they get a firm idea of the credits they are entitled to. do you think this economy which is so fragile, weak jobs numbers, probably another bad one on friday. however as are we for going into a contractio
there are lots of ways to raise revenues without doing harm to the economy. lori: i have got to interrupt you here, why is the president so insistent upon raising tax rates for the wealthy? if you are point we don't necessarily have to do that to get meaningful revenues. melissa: it seems like religious or political on is part. this is a matter of an article of faith on the part of democrats and liberals to get rid of the bush tax cuts for the wealthy. they campaigned on it for more than 10...
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rowe price, we unrstand the connections of a colex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefull before investing. stuart: ed asner does not seem party -- sorry about a cartoon he voiced for the california teachers' union showing a rich guy urinating on poor people. producer sean hannity asked about it. >> you remember the video? >> they agreed to do it. i approve this message. >> the most controversial, talk about things trickling down like ridge people peeing on poor people. >> should be reversed. >> you don't remember -- >> you have any money? stuart: isn't that cute? charles have a reaction to ed asner. charles: should had the initiative and with tommy chong in the last bit. he was really slurring his words. he is one of these guys who is proud of his handiwork i don't care what it is and he proved it. it is pretty despicable. st
rowe price, we unrstand the connections of a colex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefull before investing. stuart: ed asner does not seem party -- sorry about a cartoon he voiced for the california teachers' union showing a rich guy urinating on poor people. producer...